Canopy Search Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 14223932

Canopy Search Limited

Filleted Unaudited Financial Statements

31 December 2024

Canopy Search Limited

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Current assets

Debtors	4	27,599	46,736
Cash at bank and in hand		30,260	7,350
		--------	--------
		57,859	54,086

Creditors: amounts falling due within one year	5	32,971	53,902
		--------	--------
Net current assets		24,888	184
		--------	----
Total assets less current liabilities		24,888	184
		--------	----
Net assets		24,888	184
		--------	----

Capital and reserves

Called up share capital	6	10	10
Profit and loss account		24,878	174
		--------	----
Shareholders funds		24,888	184
		--------	----

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 1 September 2025 , and are signed on behalf of the board by:

Mr J Fitzpatrick

Director

Company registration number: 14223932

Canopy Search Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 11 Quartz Point, Stonebridge Road, Coleshill, Birmingham, B46 3JL, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The entity satisfies the criteria of being a small entity as defined in FRS102 and section 382 of the Companies Act 2006 and has taken advantage of the disclosure exemptions available under paragraph 1A.7 of FRS102.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

4. Debtors

	2024	2023
	£	£
Trade debtors	27,000	46,200
Prepayments and accrued income	599	536
	--------	--------
	27,599	46,736
	--------	--------

5. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	16,619	39,107
Accruals and deferred income	1,200	6,971
Corporation tax	8,057	979
Social security and other taxes	2,095	1,845
Other creditors	5,000	5,000
	--------	--------
	32,971	53,902
	--------	--------

6. Called up share capital

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
A Ordinary shares of £ 0.01 each	710	7	710	7
B Ordinary shares of £ 0.01 each	90	1	90	1
C Ordinary shares of £ 0.01 each	100	1	100	1
D Ordinary shares of £ 0.01 each	100	1	100	1
	-------	----	-------	----
	1,000	10	1,000	10
	-------	----	-------	----

7. Related party transactions

Included within trade creditors and other creditors are amounts of £16,605 (2023:£39,073) and £5,000 (2023:£5,000) respectively due to Boden Resource Limited, a company in which J Fitzpatrick is also a director.